![]() ![]() ![]() If the candlestick is bullish, then the opening price is always at the bottom and the closing price is always at the top. It does not matter what colour your candlesticks are they can be set to any colour in your trading software. At tradimo, we have set our candlesticks to orange for bearish candles and blue for bullish candles. The different colours of the body tell you if the candlestick is bullish (rising) or bearish (falling). A chart that displays the open, high, low and close price for a given period is referred to as a OHLC chart. The wicks at the top and the bottom of the candlestick show the highest and lowest price reached during that 1 hour period. This means that if the chart is a 1 hour chart, then each candlestick body will show the opening price for that 1 hour period and the closing price for that 1 hour period. It represents the open and close of the period. The wide part of the candlestick is called the body. ![]()
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